Altcoins Talks - Cryptocurrency Forum
Archive => Sorting Box => Topic started by: Rabia on August 22, 2018, 08:55:35 PM
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The SEC said in a statement Wednesday that online platforms trading digital assets that are considered securities need to register with the agency.
Bitcoin quickly fell 10 percent to below $10,000 amid the concerns about increased regulation.
"The SEC continues to draw a line in the sand between securities and non-securities but without going so far as to name names," said Spencer Bogart, partner at Blockchain Capital. But "of all crypto assets, bitcoin seems least likely to be deemed a security — by a long shot."
The largest cryptocurrency by market capitalization dropped nearly 10% on Coinbase in a sudden move after the SEC statement stoked fears that tightening regulation could restrict future trading. Bitcoin fell to near $9,500 but had recovered slightly to $9,969.
Experts expect a crack down and it will focus more on altcoins than btc. Bitcoin has a great fall around 50% from ath because of the news about regulation.
I think there will be a fall again because of the fear of these regulation..